International derivatives marketplace CME Group has published a notice of disciplinary action against APG Asset Management N.V. Pursuant to an offer of settlement in which APG Asset Management N.V. Neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee found that on February 26, 2024, APG held an intraday high position of 6,339 April 2024 Live Cattle futures contracts, which was 39 contracts (0.62%) over the single month position limit in effect. On August 30, 2024, APG held an intraday high position of 6,085 October 2024 Lean Hogs futures contracts, which was 85 contracts (1.4%) over the single month position limit in effect. APG also held an intraday high of 6,574 December 2024 Live Cattle futures contracts, which was 274 contracts (4.3%) over the single month position limit in effect. When APG reduced the overage in Live Cattle to bring its position into compliance, it achieved a profit of $78,350. The Panel concluded that as a result of the foregoing, AGP violated CME Rule 562. In accordance with the settlement offer, the Panel ordered APG Asset Management N.V. to pay a fine of $20,000 and disgorgement totaling $78,350.